Core Contribution Account definition

Core Contribution Account means the bookkeeping account (or subaccount(s)) maintained for each Member to record all amounts credited on his behalf under Section 3.01(d) and earnings on those amounts pursuant to Section 3.02.

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Core Contribution Account means that account established on behalf of a Chittenden Plan participant or former participant in accordance with Appendix C, as such account is adjusted from time to time to reflect investment results.

Core Contribution Account means the portion of the Bargained Participant's Total Account consisting of any Core Contributions made to the Plan on behalf of such Bargained Participant, including any investment earnings or losses on such amounts, less any distributions therefrom. The Core Contribution Account is part of the Total Account for all purposes.

Examples of Core Contribution Account in a sentence

• In determining the benefits payable under this Section 5.3(b), the benefit offset amount under paragraph (d) of Appendix A shall be the value of the Employee’s vested Core Contribution Account under the Schlage Lock Company LLC Employee Savings Plan and vested Supplemental Core Contribution Account under the Schlage Lock Company LLC Supplemental Employee Savings Plan as of the date of the Employee’s Separation from Service.

• If a Member incurs a Severance from Service prior to the completion of five (5) Years of Service, the balance in the Member's Employer Matching Contribution Account and Employer Core Contribution Account shall be forfeited.

• A Member shall vest in his Employer Matching Contribution Account and his Employer Core Contribution Account after the completion of five (5) Years of Service, provided, however, that notwithstanding the foregoing, an employee will be fully vested in his Employer Matching Contribution Account and his Employer Core Contribution Account upon attaining his Normal Retirement Age.

• All withdrawals under Section 10.2 shall be debited to a Member's vested Account first from his Rollover Contribution Account, next from the available portion of his Employer Core Contribution Account, next from the available portion of his Employer Matching Contribution Account, and then from his Before-Tax Contribution Account.

• In determining the benefits payable under this Section 5.3(b), the benefit offset amount under paragraph (d) of Appendix A shall be the value of (i) the Employee’s vested Core Contribution Account under the Schlage Lock Company LLC Employee Savings Plan plus (ii) the value of his vested Supplemental Core Contribution Account under the Schlage Lock Company LLC Supplemental Employee Savings Plan as of the date of the Employee’s Separation from Service.

More Definitions of Core Contribution Account

Core Contribution Account means a bookkeeping entry maintained by the Plan Administrator for each Participant that records the Core Contributions allocated to the Participant under Article IV, adjustments for allocations of income or loss, distributions and all other information affecting the value of such account.

Core Contribution Account means the account into which shall be credited the Core Contributions made by an Employer on a Participant’s behalf, and all income, gains and losses attributable thereto.

Core Contribution Account means a Participant's or Former Participant's interest in the Plan attributable to Core Contributions including investment experience thereon.